<h1>RBI Cuts Repo Rate by 25 Basis Points to 6.25%, First Reduction Since May 2020; Supports Economic Growth</h1> The Reserve Bank of India's monetary policy committee has reduced the repo rate by 25 basis points to 6.25%, marking the first rate cut since May 2020. This decision aims to alleviate interest rates and bolster economic growth amid easing consumer price index inflation. The committee maintained a 'neutral' policy stance, allowing flexibility to respond to future economic data. Experts anticipate further rate cuts in the next fiscal year. The repo rate reduction is expected to lower capital costs for industries and support domestic consumption, counteracting global economic challenges. The GDP growth forecast for the current fiscal year has been revised to 6.4%.